(Jamaica Gleaner) The Executive Board of the International Monetary Fund (IMF) has approved a US$80 million drawdown for Jamaica after considering the 11th and 12th review of its economic reform programme.
The latest disbursement brings to US$748.2 million the total amount received by Jamaica under the programme so far. The Board met yesterday to consider Jamaica’s progress under its Extended Fund Facility.
IMF deputy managing director and acting chair, Mitsuhiro Furusawa, repeated the endorsement of the new administration’s income tax plan which was expressed by the Fund’s review team in Kingston last month.
